Sears Profit More Than Doubles

Sears Profit More Than Doubles
Hoffman Estate, Ill. (AFP) - Kmart shoppers helped boost profits, Sears Holdings also published in its power to retail stores in the fourth quarter within three years.

Owner of Sears and Kmart says it earned $ 430 million, or $ 3.74 per share. To return from last year's profit of $ 190 million, or $ 1.55 per share.

Revenues fell less than 1 percent, to $ 13.25 billion.

Led by its financier Edward Lambert, Sears has struggled as customers skipped out on the brands of competitors.

But in the autumn, and began work on the bypass at its Kmart discount chain when sales in those stores rose for the first time since 2002. It grew again in the fourth quarter.

Sears' did not have such a strong in the fourth quarter since 2006, when he won $ 820 million.